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By: Bloomberg15th August 2017
Hedge-fund managers including billionaire John Paulson are being rewarded as investor worries over everything from uneven economic data to US-North Korean tensions fuel a rally in bullion.
At the end of June, Paulson & Co. owned 4.36-million shares of SPDR Gold Shares, a US government filing... →

By: Bloomberg12th August 2017
As copper producers from Freeport-McMoRan to BHP Billiton ponder what to do with the windfall from surging prices, First Quantum Minerals has no such dilemma.
Unlike most of its peers, First Quantum’s copper sales are fully hedged – at an expected average price of $2.37/lb for the second half of... →

By: Bloomberg10th August 2017
West Virginia Governor Jim Justice said Donald Trump is “really interested” in his plan to prop up Appalachian mining by giving federal money to power plants that burn the region’s coal. Justice, a coal and real estate mogul elected governor last year as a Democrat, announced at a West Virginia... →

7th July 2017
This week we feature Tariq Yusuf, cofounder and director of ePower Holdings, a supplier of affordable alternative energy sources that are set up in communities and can be used by people who have minimal or no access to the power grid →

By: Martin Creamer30th March 2017
The plans of the mayors of the world’s biggest cities to tackle urban air pollution head-on are a major plus for platinum, which catalyses the exhaust systems of vehicles and is the key metal in the emergence of emission-destroying fuel cells. The clean-air programme is being spearheaded by C40... →

By: Bloomberg24th March 2017
Nigeria, Africa’s biggest oil exporter, may be about to turn sunward to generate more of its power. Senators in the capital of Abuja are debating an allocation of $30-million to solar projects in this year’s Budget, according to the Renewable Energy Association of Nigeria (REAN). They are... →

By: Bloomberg7th February 2017
Gold futures surged to the highest in more than two months as investors grow wary about the possible impact of US President Donald Trump’s domestic and international policies.
Data on Friday showed US wage growth slowed, reducing the odds of Federal Reserve rate increases this year and sending... →

29th May 2015
Global solar installations this year may approach 60 GW and surpass 68 GW in 2016, data compiled by Bloomberg New Energy Finance shows. In South Africa, tariffs associated with solar photovoltaic plants have fallen 76% since 2011 to 79c/kWh installed. Pictured above is an aerial view of solar... →

By: Irma Venter29th May 2015
Japanese carmakers Toyota and Nissan have announced a global recall of more than 6.5-million vehicles following concern that consumers could be harmed by faulty airbags. This adds to the more than 17-million vehicles that 10 automakers have recalled since 2008 for faulty airbags made by Takata,... →

By: Henry Lazenby28th May 2015
Africa-focused project developer Ivanhoe Mines will send a high-level delegation to the Democratic Republic of Congo (DRC) this weekend to address any “misunderstandings” that might exist between itself and the government following Ivanhoe’s announcement on Monday to sell nearly half of the Kamoa... →

By: News24Wire 18th May 2015
The government has resorted to withholding payments to municipalities that owe Eskom money in an effort to stabilise the finances of the state utility. Finance Minister Nhlanhla Nene said Treasury had taken steps to persuade municipalities to conclude payment plans and repay Eskom debts. →

By: Irma Venter14th May 2015
Japanese carmakers Toyota and Nissan have announced a global recall of more than 6.5-million vehicles following concern that consumers could be harmed by faulty airbags. This adds to the more than 17-million vehicles that 10 automakers have recalled since 2008 for faulty airbags made by Takata,... →

By: Keith Campbell1st May 2015
Russian State-owned nuclear group Rosatom has confirmed that it is in talks with Nigeria about the construction of nuclear power plants (NPPs) in that country, but has denied that any agreement has been signed. This follows a recent report in the Nigerian media that the nuclear company was to... →

By: Keith Campbell17th April 2015
Russian State-owned nuclear group Rosatom has confirmed that it is in talks with Nigeria about the construction of nuclear power plants (NPPs) in that country, but has denied that any agreement has been signed. This follows a recent report in the Nigerian media that the nuclear company was to... →

17th April 2015
Dried maize growing on a drought-affected farm in Lichtenburg, in South Africa’s North West province. The country is experiencing its worst drought since 1992, leading to forecasts of a 32% drop in the 2015 harvest. →

15th April 2015
As an International Trade Fair focused on mining and construction in Africa, particularly within the Southern African Development Community (SADC), the Organizers of BAUMA CONEXPO AFRICA 2015 look on excitedly as the mining industry continues to develop in Botswana. Particularly as bauma Africa... →

By: News24Wire 10th April 2015
Suspended SAA CEO Monwabisi Kalawe's bid to stop his disciplinary hearing has been struck off the roll of the Johannesburg Labour Court, a court clerk said on Friday. The clerk did however not know the reason why. SAA spokesman Tlali Tlali said the airline had not been formally notified and... →

6th March 2015
The Burj Khalifa tower stands above other skyscrapers on the city skyline in Dubai, United Arab Emirates. Bloomberg reports that declining currencies in European countries, whose citizens are among the leading buyers of Dubai homes, are combining with falling oil prices and a tax on foreign... →

By: Martin Creamer2nd February 2015
Because investors have been shunning the mining sector, mining company CEOs lacked the confidence to undertake any significant merger and acquisition (M&A) in the last two years. M&A generally thrives on confidence, which has been in short supply because of commodity prices falling even further... →

By: Terence Creamer30th January 2015
Aside from the horrific terror attacks in Nigeria and France, the precipitous fall in the oil price has been the main news story of 2015 so far. The weakening has not only been steep, it’s been fast, with the rapidness of the change illustrated neatly in an article appearing in Bloomberg... →

By: Esmarie Swanepoel27th January 2015
Mining major Anglo American said on Tuesday that its coal portfolio review was still under way and that the outcome of the review was still to be determined.
This comes after newswire Bloomberg reported that Anglo American may sell more of its Australian coal assets, citing a person with... →

By: Jonathan Rodin12th December 2014
According to autonomous organisation the International Energy Agency (IEA), gas and renewable power are expected to be the major sources of energy growth on the African continent in the coming years. More than 620-million people, or two-thirds of the continent’s population, in sub-Saharan Africa... →

By: Terence Creamer14th November 2014
South Africa has been ranked third, after China and Brazil, in a new country-by-country assessment of 55 renewable-energy markets in Africa, Asia, Latin America and the Caribbean. The Climatescope 2014 report and index, which has been compiled by Bloomberg New Energy Finance on behalf of American... →

By: Terence Creamer12th November 2014
US multinational GE has confirmed that Jay Ireland, the group’s Africa president and CEO, has been appointed to the newly establish US President’s Advisory Council on Doing Business in Africa. The council was established by President Barack Obama following the recent US-Africa Business Forum,... →

By: Terence Creamer28th October 2014
South Africa has been ranked third, after China and Brazil, in a new country-by-country assessment of 55 renewable-energy markets in Africa, Asia, Latin America and the Caribbean. The Climatescope 2014 report and index, which has been compiled by Bloomberg New Energy Finance on behalf of American... →

By: Henry Lazenby8th October 2014
Ivanhoe Mines on Wednesday hit back at a media report by Bloomberg that, among other accusations, alleged the company had rigged representative elections to a community trust that was set up as part of a broad-based black economic-empowerment (BBBEE) deal that gave 20 local communities a 26%... →

By: Natalie Greve23rd September 2014
The Standard Bank Group has been named one of the world’s greenest banks by Bloomberg Markets, ranked eighteenth out of 20 global finance institutions recognised for their investments in green-energy projects and efforts to reduce their own waste and carbon footprints. The banking group was the... →

By: Natalie Greve17th September 2014
In a landmark R1.5-billion deal that precedes it planned listing on the JSE, Pivotal Property Fund has acquired “strategic” land and property assets from Standard Bank Properties, which includes Sandton’s landmark Alice Lane development. “Pivotal has acquired strategic land and property, which... →

By: Henry Lazenby2nd September 2014
Benchmark iron-ore prices, which had fallen by more than one-third since the start of the year, last week breached the $90/t level and continued to spiral lower to 86.2/t on Monday, as a supply glut faces reduced demand growth from the commodity’s largest consumer, China. London-based fund... →

18th July 2014
Samsung issued unexpectedly weak quarterly earnings guidance last week, which put it on track for its worst results in two years. Pictured above are visitors to the group’s Semiconductor Rider experience at its ‘d'light showroom’ in Seoul, South Korea. →

By: Natasha Odendaal7th July 2014
The South African Poultry Association (Sapa) has welcomed antidumping action taken by the International Trade and Administration Commission of South Africa (Itac) against European Union (EU) countries found dumping poultry products in South Africa. Preliminary antidumping duties were instituted... →

By: Natalie Greve27th June 2014
Citing consensus among shipping analysts that Capesize freight rates will double within the next year, fund manager Liberum Capital has cautioned about the impact of this on the margins of mining companies – particularly those in the iron-ore sector.
According to Bloomberg-compiled freight... →

27th June 2014
Siemens and Mitsubishi Heavy Industries moved last week to improve on General Electric’s offer for engineering group Alstom. But the French government then raised the stakes by urging the rival suitors to come up with better offers. President Francois Hollande’s government also insists that any... →

By: Pimani Baloyi27th June 2014
The newly launched South African Renewable Energy Council (Sarec) aims to consolidate the voices of the renewable-energy sector and represent them to government and other stakeholders as the country’s renewable-energy sector experiences unprecedented growth, says the council. Sarec comprises the... →

By: Henry Lazenby9th June 2014
A US federal judge of the Western Virginia District Court had last week ruled that two mines owned by NYSE-listed US coal producer Alpha Natural Resources in southern West Virginia had illegally polluted streams. District chief judge Robert Chambers in his verdict on Wednesday found that Alpha... →

By: Henry Lazenby4th April 2014
Bruised and battered, the global mining industry today is undergoing a sea change. Practices and policies that might have worked wonders in the past are not as relevant today, and new approaches to running profitable mining operations need to be found. Many mining majors, across all commodity... →

By: Henry Lazenby5th March 2014
The Canadian Ministry of Natural Resources this week used the world’s largest gathering of miners, the Prospectors and Developers Association of Canada’s (PDAC’s) International Convention, Trade Show and Investors Exchange to once more throw its full weight behind the mining industry.
Speaking at... →